Former St. Louis Fed President Bullard: Interest rates are already high and the Fed is expected to cut interest rates by 100 basis points by 2026

According to Jinshi Data, former St. Louis Fed President James Bullard stated that politicians always comment on monetary policy, noting that the US debt problem primarily reflects a spending problem. He emphasized that the Fed must focus on maintaining the dollar's reserve status. Bullard also noted that interest rates are already high, predicting the Fed could cut by 100 basis points by 2026 and take further action based on data. These comments demonstrate his cautious optimism about future monetary policy adjustments.